Taxes...bleh!

[df21084]

AMT is alternative minimum tax....It's the secondary calculation the IRS came up with just in case the regular calculation didn't get enough of your money.

Couldn't have said it better. The AMT is the biggest government scam since the inception of the income tax itself.

Here's how it works: The government comes to your house and hooks up a gigantic AMT vacuum to your wallet. The sucking-sound is deafening.

Quite the incentive to succeed, isn't it?

[New-born baby]

Newborn's Newborn

Couldn't have said it better. The AMT is the biggest government scam since the inception of the income tax itself.

Here's how it works: The government comes to your house and hooks up a gigantic AMT vacuum to your wallet. The sucking-sound is deafening.

Quite the incentive to succeed, isn't it?

Well Dave,
I just told my newborn son Matthew about taxes. He's a month old yesterday, so I thought it was about time. Here was his response: I think he wants to punch somebody out.

[df21084]

Nbb

I can't say I blame him.

I am trying to pack away every dime I can find into a tax-sheltered vehicle, but that doesn't leave much spending money.

The AMT is just another example of the government knowing what's best for us. It's going to hit more and more people over time, so I'm trying to find a good hiding place now.

Of course, it's really difficult, if not impossible, to plan an AMT-avoidance strategy. Unless you know exectly what your income will be on 12/31, it's a crapshoot.

And, I'm waiting for the day Congress decides that the Roth IRA is now taxable, since too many people actually participate.

[rivercitydan]

Schedule D Reporting

Gainskeeper offered to let me use their software to account for my capital gains. $2,500, I thought he made a mistake, he didn't. I am still looking. Suggestions welcome.


River City Dan